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Wednesday, 5 April 2017

In-Depth Research on Construction in India 2021

Construction in India, Key Trends and Opportunities to 2021 is a new market research publication announced by Reportstack. This report provides detailed market analysis, information and insights into Indian construction industry including:

The Indian construction industry's growth prospects by market, project type and construction activity

Analysis of equipment, material and service costs for each project type in India

Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Indian construction industry

Assess market growth potential at a micro-level with over 600 time-series data forecasts.

Identify and evaluate market opportunities using the standardized valuation and forecasting methodologies.

Understand the latest industry and market trends.

Formulate and validate strategy using the critical and actionable insight.

Assess business risks, including cost, regulatory and competitive pressures.

Evaluate competitive risk and success factors.

Key Highlights

The government is focusing on the construction of power plants and transmission grids to provide electricity to every part of the country by 2022. Accordingly, under the Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) program, the government plans to invest INR760.0 billion (US$11.8 billion) to build transmission grids and other related infrastructure by 2022.

To meet the rising housing demand from lower- and middle-income groups, the government plans to develop affordable housing projects across the country under the social housing program. Accordingly, it plans to build 20 million low-cost affordable houses in urban and semi-urban areas under the PMAY program in a bid to ensure housing for all residents by 2022.

The Indian government is focusing on infrastructure development through robust and modern infrastructure that is vital for economic growth and competitiveness. Accordingly, in the 2017 budget the government announced plans to increase total spending on transport infrastructure by 9.0%, rising from INR22.1 trillion (US$329.9 billion) in the 2016 budget to INR24.1 trillion (US$349.9 billion) in the 2017 budget.

Rapid urbanization and the growing working population have elevated demand for a fast and convenient transport system in the country. The government plans to build 27 four-lane highways across the country. Accordingly, it plans to build a straight road between Porbandar to Kolkata, Kanyakumari to Srinagar, Rameswaram to Dehradun, Surat to Paradip Port, and Mangalore Port to Chennai Port.

In 2016, the government launched the Bharatmala program, the Setu Bharatam program, the National Highways Interconnectivity Improvement Project and the Logistic Efficiency Enhancement Program (LEEP). Under the Bharatmala program, the government plans to build 7,000km of road to connect eastern parts of the country with the west, with an investment of INR900.0 billion (US$13.0 billion).